March 14, 2012 / 6:47 AM / 6 years ago

RPT-India's Feb vegoil imports jump 59 pct y/y- trade

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MUMBAI, March 14 (Reuters) - India imported 875,649 tonnes of vegetable oils in February, up 59 percent from a year earlier and higher than the average expectations in a Reuters survey, data released by a leading trade body showed on Wednesday.

India, the world’s No. 1 importer of cooking oils, buys mainly palm oil from Indonesia and Malaysia and a small quantity of soyoil from Argentina and Brazil.

A Reuters survey had forecast average vegoil imports of 843,833 tonnes in February.

The imports in February were higher than 659,979 tonnes imported in January. (Reporting by Meenakshi Sharma; Editing by Harish Nambiar)

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